Hello Pal International, Inc., announced on Tuesday growing revenues tipping the company as a viable new player in the international live stream, message, travel, and language app space. The Hello Pal platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. The […]
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As the COVID-19 global pandemic has put an emphasis onto the digital health sector, investments are continuously pouring in to further grow the bridge between technology and medicine; and Big Tech are starting to notice. Search engine giant Google is looking to get part of the action, by partnering up with U.S.-based medical technology company […]
South African telecom-giant MTN Group announced on Tuesday that it will sell its 20 percent shareholding stake in Belgacom International Carrier Services (BICS) to Belgian state-controlled telecoms firm Proximus for $121.41 million. However, the timing of closing is dependent on customary regulatory approvals. Once all the saleconditions,legal precedent, has been fulfilled, MTN will receive proceeds […]
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]
China aims to keep its tech industry under a tight noose, as the country’s market regulator released new and stricter rules to boot out monopolistic practices on Sunday, primarily targeting its tech giants. The new legislation – issued by the State Administration for Market Regulation (SAMR) – will cement an earlier anti-monopoly draft law which […]
U.S. Senator, Amy Klobuchar (D-MN), now the lead Democrat on the Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, introduced sweeping new legislation late last week “to reinvigorate America’s antitrust laws and restore competition to American markets,” a statement from her office said. The Competition and Antitrust Law Enforcement Reform Act will give federal […]
Myanmar’s new military government blocked access to Facebook as resistance to Monday’s coup surged amid calls for civil disobedience to protest the ousting of the elected government and its leader, Aung San Suu Kyi. Facebook is how most people access the internet in Myanmar and the company urged that it be restored. The military seized […]
Finnish telecom equipment maker Nokia warned on Thursday of multiple challenges throughout 2021, as the company attempts to close the gap with its rivals, despite a strong finish in 2020. While Huawei’s fall from grace in several fifth-generation markets has translated into good news for Nokia and its rival Ericsson, the Swedish company has made […]
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power. Tuesday’s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn’t mean […]
Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around it is booming. GameStop has been swept up in a battle between big-moneyed hedge funds betting against it and small investors trying to prop it up. That has caused GameStop’s share price to […]